The Buzz
All markets and investing news all the time

Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Billabong
Style: Shoes

Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10
Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10 - hollisbaker.com

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10 - hollisbaker.com
About This Author
Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10 - hollisbaker.com
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Contributors
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
 
Women's Klogs USA Unisex Boca Mule Comfort Shoes , Women's Ariat Floral Print Cruisers Comfort Shoes , Women's Ariat Cheetah and Turquoise Cruisers Comfort ShoesWomen's Saucony Type A Comfort Shoes , Women's Ariat Pastel Aztec Print Cruisers Comfort ShoesWomen's Birkenstock Super Birki Raspberry Sorbet Comfort ShoesWomen's Women's 2.ZERØGRAND Oxford with Stitchlite™ Comfort Shoes , Women's Dansko professional clogs size 41 Comfort ShoesWomen's Fall Dansko Size 37 Comfort ShoesWomen's Wolky Womens Flats (24917) Comfort Shoes , Women's Croft anf barrow clogs 8M Comfort ShoesWomen's Drew Fiesta Oxford- Size 11 Comfort Shoes , Women's Sanita 40 minor discolorations. Comfort ShoesWomen's Dansko professional clogs 36 Comfort Shoes , Women's Dansko mules 36 Comfort Shoes , Women's Dansko 37 Comfort Shoes , Women's Dansko 40 Comfort Shoes , Women's La Redoute Collections Womens Brogues Comfort ShoesWomen's Prada Women's Loafers Size Comfort ShoesWomen's Women’s SAS Shoes Comfort ShoesWomen's Drew Daisy Sneaker- Size 6.5 Comfort Shoes , Women's Drew Solo Sneaker- Size 8.5XW Comfort ShoesWomen's SAS Womens Tripad Comfort 8.5 Comfort ShoesWomen's Fergalicious Women's Vicky Moss Shoe Comfort ShoesWomen's dansko 39 clogs Comfort Shoes , Women's kennel schmenger shoes Comfort ShoesWomen's Drew Daisy Sneaker- Size 7 Comfort Shoes , Women's Simson 41 Othopedishch Schoeisel Comfort Shoes , Women's dansko clogs size 7 Comfort Shoes ,
Powerball winner can stay anonymous, judge rules
 
Counterfeit goods market is booming and becoming more dangerous
 
Kodak ditches digital cameras, will focus on photo printing SPORTO ORIGINAL Womens Size 6 Aroostic Leather Rubber Rain Duck Boots ShoesNew Jessica Simpson Size 10 US Solid Women's Shoes Brown Suede - NIB , LAREDO Black Soft Leather Cowboy Boots Women's Size 6.5 M Style 12708Nordstrom Tall Black Leather Moto Boots Made In Italy Size 8 , Fergalicious Weever Multi Strap Woven Ankle Boots, BlackTONY LITTLE CHEEKS WEDGE ANKLE BOOTS 6 MEDIUM TAN NWD , Style by Charles David Women's Edward Fashion Boot, Nude, 6.5 M US , Rampage Womens Italie Riding Boot 7.5 Grey Whipstitch , Cole Haan City Womens Shoes Size 10 Black Solid Suede Ankle Boots Casual , Vince Camuto Bashan Over-the-Knee Leather Boots BLACK LEATHER 7M NEW 569-856Franco Sarto NEW Taupe Suede Knee High Equestrian Riding Tall Boots sz 6.5 $189New Coming Women's Shoes Beautiful Boho Dreamcatcher Martin Boots For WomenFranco Sarto Kerri Tall Block Heel Boots 324, Mushroom, 9.5 US / 39.5 EU , Eastland 3123-08 Womens Gia Narrow FlatN US- Choose SZ/Color.Kenneth Cole Reaction Dot Ation Black Womens Shoes Size 10 M Boots MSRP $129Icebug L BUGrip Women's Metro Studded Traction Winter Boots Apple Red Black Sz 6 , Tory Burch Verbena Silver Snake Cap Toe Ballet Flats Size 7 Logo bow MetallicMarc Joseph Women's Cypress Hill Shoes - (Tan Nappa)*DANSKO RED LEATHER MULES CLOGS SLIDES DRESS WORK SHOES WOMENS SZ 11.5 12 , KEEN WOMEN'S SARASOTA Sandals Rust Leather Sport Waterproof Shoes 5 , $425 New Authentic GIORGIO ARMANI Patent Leather Flats 36/US 6 Black XGDB63 , Stylish Hidden Wedge Heel Pull On Womens Slip-on Loafers Sneakers Shoes Hot77Skechers 15502 Aglow On The GO Joy Women Black Shoe , **Altra Paradigm 3 Running Shoes-Women's size 6.5 Black , PUMA Women evoSPEED 5.2 FG Wn Soccer Cleats 6 Medium Pearlized White Pink OrangeSoftWalk Womens Simba Low Top Slip On Fashion Sneakers , BROOKS Womens Glycerin 8 Running Shoe Sz 8 B Lightweight Walking 1200681B434 EucWomen's aldo ankle boots 8 BootsWomen's Women's Black Western Ankle Boots Boots , adidas Originals Campus - Women's Chalk Orange/White/Crystal White AQ1071 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Shoes Billabong Comfort Women's Izzy Ankle Bootie Women's Comfort Shoes 850ea10 Comfort Shoes
2131420
2592676
5647998
9748547
9994508
13654464
14723004
15174875
15918569
Powered by WordPress.com VIP.